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Following is information concerning Katy Company (all amounts in millions): 2019 2018 2017 Current assets $7,110.45 $7,732.02 $8,191.30 Current liabilities 2,211.28 2,419.23 2,812.11 Total assets

Following is information concerning Katy Company (all amounts in millions):

2019 2018 2017
Current assets $7,110.45 $7,732.02 $8,191.30
Current liabilities 2,211.28 2,419.23 2,812.11
Total assets 8,086.84 8,720.32 9,083.54
Total liabilities 4,849.18 5,193.08 5,667.61
Shares outstanding 158.88 157.01 153.90
Retained earnings 3,503.11 3,468.93 3,363.27
Stock price per share 20.15 24.12 30.20
Sales 3,858.21 5,646.98 7,123.45
Earnings before interest and taxes -108.53 553.10 1,552.59

a. Compute and compare the Altman Z-score for the three years provided

b. what trend appears?

c. Is the company more or less likely to go bankrupt given the Z-score in 2018 or 2019?

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